conditional commitment

conditional commitment

An agreement by a lender to extend a loan with specified terms, but only if certain conditions are met, such as retention of occupancy rates at a certain level until the time of closing,securing of key man insurance for an important manager-owner,release from a contingent liability that might impair the borrower's financial condition, or any number of other conditions.

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8 billion standby loan arrangement for Greece, making a conditional commitment to help underpin the country's bailout programme for the first time in two years.
The transaction is conditional, among other things, that Digitalist group's largest shareholder Tremoko Oy Ab will give at closing a conditional commitment limited to a period of ten trading days from the listing of the consideration shares to buy a maximum of altogether 11,250,000 consideration shares, to be agreed separately at closing, from three designated sellers after the transaction is carried out and the consideration shares are listed and if certain conditions are met.
However, it is a conditional commitment, meaning the implementation of the measures will rely on financial and technical support from the international community.
In addition, Main Street and its co-investor are providing Apex Linen a conditional commitment beyond the USD2.
We expect no sovereign QE announcement at the December 4 meeting but a more formal, albeit conditional commitment to broader asset purchases.
The firm also issued a conditional commitment for construction financing in the amount or $10 million to the borrower, bringing the total of the transaction to $31 million.
His analysis suggests but does not pursue the kind of conditional commitment suggested above, which is designed to set incentives to induce leadership and thus to establish the scheme itself, which thereafter can be maintained in the way he describes, or through more robust if informal collective enforcement capacities.
In 2009, the Bank of Canada offered a conditional commitment to hold rates at a record low 0.
The Fed extended its conditional commitment to leave its policy rate at near-zero until mid-2015.
He, however, expressed conditional commitment to the peace treaty and said: "The [Egyptian] parliament has to [re-evaluate] this treaty every five years.
Although a conditional commitment had been "drawn up," said Johnson, it had not been signed.
In 2010, the department signed a conditional commitment for $8 billion in loan guarantees to support the Vogtle project, where the Southern Company and Georgia Power are building two new nuclear reactors.
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